EUR/USD, GBP/USD: overhead resistance levels

Both the Euro and the Pound are approaching important resistance levels on the 1d timeframe which may cap gains and resurrect the downtrend against the dollar. These levels are also near round figures which are 1.3500 for the EURUSD and 1.6000 for the GBPUSD.

Contrary to this above 1.3500 there is scope for 1.3820 on the EURUSD while the 1.600 level would open the upside for the GBPUSD to 1.6450.


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